Market Today
Nifty open flat and terned negative as most Asian stocks fell. Most Asian stocks were trading lower on concerns over the strength of the global economic recovery amid recent poor economic data in the US. The indices in Japan, South Korea, Jakarta and Hong.
Nifty gave flat close for the market after a listless session due to lack of global cues. More importantly, the Nifty managed to stay above the 5500 mark and give a closing with moderate gains. Buying interest was seen in select stocks and sectors which showed strength were pharma, telecom and capital goods.
As mentioned in morning, Nifty seems to face resistance in the zone of 5540-5580 and a decisive breakout above this range can take it to 5650 whereas on the support side 5430 level is to be break to go till 5400-5378 levels, and as long as this support zone is intact investors must adopt the strategy of buy in every deep.
:: Trend Decider Level ::
Good Above 5546 and Weak Below 5490
:: Given PreMarket Trades ::
Uptrend
Buy above 5*** with StopLoss 5*** (High 5542.90)
Downtrend
Sell Below 5*** with StopLoss 5*** (SL Hit)
For Risky Traders:
If open Gap Down
Buy at 5*** with StopLoss 5*** (Not Came)
Buy at 5*** with StopLoss 5520
Target 5*** (High 5542.90)
:: Positional Nifty Alert ::
Sell Trade is now active from Friday as Nifty crosed our triggred level 5526-30
(High 5536.90) Given Target was 5*** but Book profit around 5***. Keep Strict Stoploss 5***
:: Remember Always ::
We suggest to keep at least 1% of its price as SL in All Equity Stocks.
All our levels mentioned are of Future Nifty not Spot Nifty.
All PreMarket and Live Trades are for Intraday Trading only.
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